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SpaceX secures US$40 billion financing commitment to boost its AI business

TechnologyInternationalPortafolio40 s readAI summary
Image: Portafolio

Elon Musk announced that SpaceX obtained a US$40 billion financing commitment to acquire chips and equipment aimed at boosting its artificial intelligence business, in a deal linked to Apollo Global Management and Goldman Sachs. Bloomberg warned that price negotiations were still ongoing. The financing would be structured as an equipment lease: an entity managed by Apollo would buy the chips and hardware and lease them to SpaceX. Closing would be expected before the end of 2026 and leases would begin in the first half of 2027.

In 40 seconds

  • SpaceX obtained a US$40 billion financing commitment for AI chips and equipment, according to Musk.
  • The structure would be an equipment lease: an Apollo entity would buy the hardware and lease it to SpaceX.
  • Bloomberg said price negotiations were still ongoing as of Sunday's close in New York.
Read the full story at Portafolio

IASummary generated by artificial intelligence from a story by Portafolio. It may contain errors: the original source prevails.

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